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The PBOC is likely to increase the......>

CHINA PRESS
CHINA PRESS: The PBOC is likely to increase the quota of refinancing and
rediscounting due to the global spread of the coronavirus, according to Wang
Qing, chief macroeconomic analyst at credit rating agency Dongfang Jinch. Wang's
comments were cited in the Economic Information Daily, which said the PBOC had
released another CNY500 billion in refinancing and rediscount quotes for small
businesses last week on the basis of an earlier CNY300 billion quota for
epidemic control. Meanwhile, total monetary easing is still needed in addition
to targeted tools supporting small businesses as the government aims to
stabilize employment and achieve its growth target, said Ming Ming, chief
fixed-income analyst at CITIC Securities, in comments also reported by the
Daily. 

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